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RPM Intl

RPM International

RPM International Inc manufactures and sells a variety of paints, coatings, and adhesives. The firm organizes itself into four segments based on product type. The construction products group sells coatings, roofing, insulation, and other products to distributors, contractors, and end consumers globally. The performance coatings group produces coatings that are used in construction and industrial applications like floorings and corrosion control. The consumer group sells paint, finishes, and similar products to individual consumers through hardware and craft stores. The specialty products group sells a line of products ranging from niche applications of the other groups to marine finishes, to edible food colorings. The majority of revenue comes from North America.

RPM International Inc

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RPM International shares are trading higher after the company reported better-than-expected Q1 adjusted EPS results.

RPM International Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) shares are trading higher after the company <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41137296/rpm-reports-record-fiscal-2025-first-quarter-results" rel="noreferrer noopener">reported&nbsp;first-quarter results</a>.
Sales declined 2.1% Y/Y to $1.97 billion, missing the consensus of $2.015 billion. Despite volume growth at CPG and PCG and modestly positive pricing, foreign currency headwinds and volume declines at Consumer Group and SPG outweighed these gains.
Geographically, sales declined slightly in North America, while European sales were impacted by a weak economic environment, foreign currency headwinds, and divestitures.
Emerging markets, especially Latin America, faced foreign currency challenges, but sales grew in Asia/Pacific and Africa/Middle East, driven by infrastructure spending and high-performance building projects.
Adjusted EPS was $1.84,<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener"> beating the consensus of $1.75</a>.
In the quarter, operating cash flow stood at&nbsp;$248.1 million,&nbsp;led by higher profitability and improved working capital management.
As of August-end, total liquidity, comprising cash and committed revolving credit facilities, reached $1.44 billion, up from $1.23 billion a year ago.
The company returned&nbsp;$76.4&nbsp;million&nbsp;to stockholders through cash dividends and share repurchases.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41135395/rpm-international-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most" rel="noreferrer noopener">RPM International Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
Outlook:&nbsp;For&nbsp;the second quarter, the company expects sales to be flat Y/Y and adjusted EBIT to&nbsp;increase in the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">mid-single-digit&nbsp;percentage&nbsp;range Y/Y.</a>
For FY25, the company continues to expect sales growth in the low-single-digit percentage range Y/Y and adjusted EBIT increase in the mid-single- to low-double-digit percentage range Y/Y.
Frank C. Sullivan, RPM chairman and CEO said, &#8220;The economic outlook for the second quarter remains mixed with continued growth in high-performance building construction and renovation, and softness in residential end markets.&#8221;
&#8221;While we are optimistic that lower interest rates will eventually lead to a rebound in residential markets, it is too early to say precisely when growth will return. As we have demonstrated, no matter the economic backdrop, we will focus on controlling what we can, including executing on MAP 2025 initiatives to leverage the power of RPM to capture growth opportunities, expand margins and structurally improve cash flow.&#8221;
Investors can gain exposure to the stock via&nbsp;ProShares S&amp;P MidCap 400 Dividend Aristocrats ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/REGL#BATS">REGL</a>) and First Trust Dividend Strength ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTDS#NASDAQ">FTDS</a>).
Price Action: RPM shares are up 2.42% at $123.00&nbsp;premarket at the last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41137481/nasdaq-s-p-futures-sag-as-downside-risks-intensify-oil-spikes-nike-slides-why-this-strategist-is-ex" target="_blank" rel="noreferrer noopener">Nasdaq, S&amp;P Futures Sag As Downside Risks Intensify, Oil Spikes, Nike Slides: Why This Strategist Is Expecting &#8216;Stronger&#8217; Second-Half Of October</a></li>
</ul>

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Specialty Coatings Company RPM Defies Market Pressure: EPS Beats Despite Sales Slump And Global Headwinds

U.S. stock futures are slipping early Wednesday after <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41129967/market-sells-off-over-irans-attack-on-israel-port-strikes-hurricane-helene-national-se">Middle East tensions </a>and the impact of Hurricane Helene set off worries and dragged the major indices in the previous session. These added concerns sapped risk appetite that was on the wane amid the overbought levels of the market, lingering economic uncertainties, and the looming presidential election and third-quarter reporting season. On Wednesday, traders may keep a close eye on ADP&#8217;s private payrolls report, often considered a precursor to Friday&#8217;s non-farm payrolls report, due ahead of the market open, as well as comments by Federal Reserve officials.
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<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.27%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.26%</td>
</tr>
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<td>Dow</td>
<td>-0.35%</td>
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<td>R2K</td>
<td>-0.73%</td>
</tr>
</tbody>
</table>
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In premarket trading on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) moved down 0.17% to $567.63 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.16% to $480.48, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
Wall Street pulled back sharply on Tuesday as traders reacted negatively to Iran&#8217;s missile attack on Israel, the start of a dockworkers&#8217; strike that would handicap half of the country&#8217;s shipping and the impact of Hurricane Helene, which unleashed its fury over the Southeastern states. To make matters worse, the Institute for Supply Management&#8217;s manufacturing purchasing managers&#8217; index contracted by more than expected.
On a positive note, job openings came in at a better-than-expected 8 million in August, the Labor Department said.
The averages opened lower and languished below the unchanged line throughout the session before closing sharply lower. All but energy, utility and communication services stocks, closed lower, with IT stock coming in for a sound thrashing.
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<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
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<td>Nasdaq Composite</td>
<td>-1.53%</td>
<td>17,910.36</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.93%</td>
<td>5,708.75</td>
</tr>
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<td>Dow Industrials</td>
<td>-0.41%</td>
<td>42,156.97</td>
</tr>
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<td>Russell 2000</td>
<td>+1.48%</td>
<td>2,197.03</td>
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Insights From Analysts:
October is a seasonally strong month but it often starts slow before picking up momentum as the third-quarter earnings announcements begin to drop, said fund manager Louis Navellier. &#8220;I am expecting that the second half of October will be stronger than the first half,&#8221; he said. The fund manager expects fundamentally superior stocks to benefit from earnings surprises.
Further ahead into November, the next president would have been elected and the Fed will cut interest rates again, he said. He expects consumer sentiment to improve with most of the economic and political uncertainty removed.
See also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data:
<ul>
<li>ADP is scheduled to release the private payroll report for September at 8:15 a.m. EDT. Economists, on average, expect the private sector to have added 128,000 jobs, more than the 99,000 jobs added in August.</li>
<li>Cleveland Fed President Beth Hammack is scheduled to give the welcome remarks before the 2024 Minorities in Banking Forum hosted by the Federal Reserve Bank of Cleveland, at 9 a.m. EDT.</li>
<li>St. Louis Fed President Alberto Musalem will provide welcome remarks for the 2024 Community Banking Research Conference at 10.05 a.m. EDT.</li>
<li>The Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>Fed Governor Michelle Bowman is due to speak at 11 a.m. EDT and Richmond Fed President Tom Barkin will make a public appearance at 12:15 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) shares fell over 5.50% <a href="https://www.benzinga.com/premarket">in premarket trading </a>following the announcement of the company&#8217;s quarterly results, while Resources Connection, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) declined about 4.75%.</li>
<li><a href="https://www.benzinga.com/calendars/earnings">Among those reporting on Wednesday </a>are Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>), RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) and Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>).</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) declined over 1% ahead of the company&#8217;s quarterly deliveries report.</li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) slipped over 1.40% after it fell 3.66% on Tuesday.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rose over 3% amid the Middle East tensions, while gold futures fell moderately. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) plunged over 3.75% and traded under $61.5K. The yield on the 10-year Treasury note rose 2.1 points to 3.764%.
Most Asian markets that were open for trading ended lower amid the multiple downside triggers, although the Hong Kong market, which reopened after Tuesday&#8217;s public holiday, soared. The Chinese, Indian and Taiwanese markets remained closed for public holidays.
European stocks traded in the red in early trading.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41135042/reliable-tesla-number-cruncher-forecasts-biggest-delivery-beat-in-3-years-fund-manager-says-this">Reliable Tesla Number Cruncher Forecasts Biggest Delivery Beat In 3 Years: Fund Manager Says This Could Change The Stock&#8217;s Narrative</a></li>
</ul>
Image Via Shutterstock

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Nasdaq, S&P Futures Sag As Downside Risks Intensify, Oil Spikes, Nike Slides: Why This Strategist Is Expecting 'Stronger' Second-Half Of October

RPM International Expects Q2 Sales To Be Flat, Adj. EBIT Growth In Mid-Single-Digit; And Reaffirmed 2025 Revenue Growth Outlook Of Low Single Digits And Adj. EBIT Growth Of Mid-Single-Digits To Low-Double-Digits

RPM International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) reported quarterly earnings of $1.84 per share which beat the analyst consensus estimate of $1.75 by 5.14 percent. The company reported quarterly sales of $1.969 billion which missed the analyst consensus estimate of $2.015 billion by 2.29 percent. This is a 2.15 percent decrease over sales of $2.012 billion the same period last year.

Earnings Beats

Earnings Misses

RPM International Q1 2025 Adj. EPS $1.84 Beats $1.75 Estimate, Sales $1.969B Miss $2.015B Estimate

RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) will release earnings results for its first quarter, before the <a href="https://www.benzinga.com/quote/RPM/earnings">opening bell on Wednesday, Oct. 2.</a>
Analysts expect the Medina, Ohio-based company to report quarterly earnings at $1.75 per share, up from $1.64 per share in the year-ago period. RPM projects to report revenue of $2.02 billion for the quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
On July 25, RPM International reported better-than-expected fourth-quarter earnings.
RPM shares fell 0.8% to close at $120.09 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/RPM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>BMO Capital analyst John McNulty maintained an Outperform rating and cut the price target from $140 to $139 on Aug. 27. This analyst has an accuracy rate of 66%.</li>
<li>Mizuho analyst John Roberts maintained an Outperform rating and cut the price target from $136 to $134 on July 26. This analyst has an accuracy rate of 71%.</li>
<li>Wells Fargo analyst Michael Sison maintained an Equal-Weight rating and boosted the price target from $110 to $125 on July 26. This analyst has an accuracy rate of 72%.</li>
<li>JP Morgan analyst Jeffrey Zekauskas downgraded the stock from Overweight to Neutral with a price target of $120 on July 26. This analyst has an accuracy rate of 69%.</li>
<li>UBS analyst Joshua Spector maintained a Neutral rating and lowered the price target from $122 to $117 on July 9. This analyst has an accuracy rate of 64%.</li>
</ul>
Considering buying RPM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="515" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02030051/image-1-1024x515.png" alt="" class="wp-image-575928" style="width:606px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02030051/image-1-1024x515.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02030051/image-1-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02030051/image-1-768x386.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/02030051/image-1.png 1332w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li><a href="https://www.benzinga.com/markets/24/09/41102060/jim-cramer-hand-picks-these-3-stocks-to-ride-the-crest-of-the-chinese-stimulus-frenzy">Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy</a></li>
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RPM International Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled lower on Tuesday, with the Dow Jones index falling more than 150 points amid growing concerns in the Middle East.
Most of the major tech stocks closed lower on Tuesday. Shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) all closed the day lower.
On the economic data front, construction spending in the U.S. declined by 0.1% month-over-month to an annual rate of $2,132 billion in August. The ISM manufacturing PMI came in unchanged at 47.2 in September.
Most sectors on the S&amp;P 500 closed on a negative note, with information technology, real estate, and financials stocks recording the biggest losses on Tuesday. However, energy and utilities stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 173 points to 42,156.97 on Tuesday. The S&amp;P 500 fell 0.93% to 5,708.75, while the Nasdaq Composite dipped 1.53% at 17,910.36 during Tuesday's session.
Investors are awaiting earnings results from Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>), RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>), and Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 69.1, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 73.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/24/09/41102060/jim-cramer-hand-picks-these-3-stocks-to-ride-the-crest-of-the-chinese-stimulus-frenzy">Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy</a></li>
</ul>
Photo courtesy: Shutterstock

AAPL

Nasdaq Ends 1.5% Lower As Tesla, Nvidia, And Apple Fall: Investor Optimism Declines, Fear Index Remains In 'Greed' Zone

With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Conagra Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) to report quarterly earnings at 60 cents per share on revenue of $2.84 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Conagra shares fell 0.2% to $32.65 in after-hours trading.</li>
<li>Lamb Weston Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) reported better-than-expected earnings for its third quarter and announced plans to cut approximately 4% of the global workforce and eliminate unfilled job positions. Lamb Weston shares fell 3.7% to $62.49 in the after-hours trading session.</li>
<li>Analysts expect RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) to post earnings at $1.75 per share on revenue of $2.02 million for the latest quarter. The company will release earnings before the markets open. RPM International shares fell 0.8% to $120.09 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) reported better-than-expected first-quarter earnings, while sales missed estimates. The company reported first-quarter revenue of $11.59 billion, missing analyst estimates of $11.65 billion. The athletic footwear and apparel company reported first-quarter earnings of 70 cents per share, beating analyst estimates of 52 cents per share. Nike shares fell 5.9% to $83.85 in the after-hours trading session.</li>
<li>Analysts expect Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) to post quarterly earnings at 31 cents per share on revenue of $1.55 billion after the closing bell. Levi Strauss shares gained 0.5% to $21.79 in after-hours trading.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/markets/24/09/41102060/jim-cramer-hand-picks-these-3-stocks-to-ride-the-crest-of-the-chinese-stimulus-frenzy">Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy</a></li>
</ul>
Photo courtesy: Shutterstock

Nike, Conagra Brands And 3 Stocks To Watch Heading Into Wednesday

As previously disclosed in the Annual Report on Form&nbsp;10-K,&nbsp;dated July&nbsp;25, 2024, of RPM International,&nbsp;one of the Company&rsquo;s subsidiaries in its Consumer reportable segment has been the subject of a lawsuit filed in the United States District Court for the District of Oregon in which a former supplier of that subsidiary alleged that the subsidiary breached certain contractual obligations, misappropriated trade secrets, and committed fraud.&nbsp;
The company&nbsp;intends to vigorously challenge the verdict through all appropriate post-trial motions and appellate processes.
It currently estimates a range of possible outcomes between approximately $0.5&nbsp;million and $190.0&nbsp;million, and it has accrued a liability as of August&nbsp;31, 2024, at the low end of the range, as it believe no amount within the range is a better estimate than any other amount.&nbsp;

Legal

RPM Says Jury Rendered Verdict Against Subsidiary For $190M, Consisting Of Both Compensatory And Punitive Damages - Filing

RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) has outperformed the market over the past 20 years by 2.1% on an annualized basis producing an average annual return of 10.38%. Currently, RPM Intl has a market capitalization of $15.17 billion. 
Buying $1000 In RPM: If an investor had bought $1000 of RPM stock 20 years ago, it would be worth $7,197.31 today based on a price of $117.82 for RPM at the time of writing.
<h3>RPM Intl's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726083010_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 20 Years Ago Would Be Worth $7,200 Today

Quanex Building Products (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nx#NYSE">NX</a>) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 4.29%. A quarter ago, it was expected that this housing materials maker would post earnings of $0.53 per share when it actually produced earnings of $0.66, delivering a surprise of 24.53%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Quanex, which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $280.35 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 0.84%. This compares to year-ago revenues of $299.64 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Quanex shares have lost about 17.3% since the beginning of the year versus the S&amp;P 500&#39;s gain of 15.7%.
<h2>What&#39;s Next for Quanex?</h2>
While Quanex has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Quanex: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.79 on $289 million in revenues for the coming quarter and $2.33 on $1.07 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Miscellaneous is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
RPM International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rpm#NYSE">RPM</a>), another stock in the broader Zacks Construction sector, has yet to report results for the quarter ended August 2024.
This specialty chemicals company is expected to post quarterly earnings of $1.76 per share in its upcoming report, which represents a year-over-year change of +7.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
RPM International&#39;s revenues are expected to be $2.02 billion, up 0.3% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2332431/quanex-building-products-nx-q3-earnings-and-revenues-beat-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2332431">To read this article on Zacks.com click here.</a>

Small Cap

Quanex Building Products Q3 Earnings and Revenues Beat Estimates

RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) has outperformed the market over the past 15 years by 1.81% on an annualized basis producing an average annual return of 13.85%. Currently, RPM Intl has a market capitalization of $14.65 billion. 
Buying $1000 In RPM: If an investor had bought $1000 of RPM stock 15 years ago, it would be worth $7,096.36 today based on a price of $113.76 for RPM at the time of writing.
<h3>RPM Intl's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724947231_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $7,100 Today

8 analysts have expressed a variety of opinions on RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $125.62, a high estimate of $140.00, and a low estimate of $110.00. Observing a 1.07% increase, the current average has risen from the previous average price target of $124.29. 
<img src="https://www.benzinga.com/files/images/story/2024/1724774482_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of RPM Intl among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John McNulty</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$139.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>John Roberts</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$134.00</td>
<td>$136.00</td>
</tr>
<tr>
<td>John McNulty</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$140.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$120.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>Michael Sison</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$125.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Jeffrey Zekauskas</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$120.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Sison</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$110.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$117.00</td>
<td>$122.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to RPM Intl. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of RPM Intl compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for RPM Intl's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Capture valuable insights into RPM Intl's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/RPM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on RPM Intl analyst ratings.</a>
<h2>Discovering RPM Intl: A Closer Look</h2>
RPM International Inc manufactures and sells a variety of paints, coatings, and adhesives. The firm organizes itself into four segments based on product type. The construction products group sells coatings, roofing, insulation, and other products to distributors, contractors, and end consumers globally. The performance coatings group produces coatings that are used in construction and industrial applications like floorings and corrosion control. The consumer group sells paint, finishes, and similar products to individual consumers through hardware and craft stores. The specialty products group sells a line of products ranging from niche applications of the other groups to marine finishes, to edible food colorings. The majority of revenue comes from North America.
<h3>RPM Intl's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Challenges: RPM Intl's revenue growth over 3 months faced difficulties. As of 31 May, 2024, the company experienced a decline of approximately -0.4%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Materials sector.
Net Margin: RPM Intl's net margin is impressive, surpassing industry averages. With a net margin of 8.95%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): RPM Intl's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 7.4%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): RPM Intl's ROA stands out, surpassing industry averages. With an impressive ROA of 2.77%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.96.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing RPM Intl: Insights From 8 Financial Analysts

BMO Capital analyst John McNulty maintains RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) with a Outperform and lowers the price target from $140 to $139.

BMO Capital Maintains Outperform on RPM Intl, Lowers Price Target to $139

RPM International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rpm#NYSE">RPM</a>) is benefiting from the efficient execution of its MAP 2025 initiatives, increased infrastructure demand, especially in international markets, and its focus on the repair and maintenance business.
The estimate for the Zacks Rank #3 (Hold) company&#39;s earnings for fiscal 2025 has trended upward in the past 30 days to $5.51 per share from $5.46. The estimate figure indicates growth rate of 11.5% from the figure reported a year ago. Although the estimate for first-quarter fiscal 2025 earnings has declined to $1.76 per share from $1.77 during the same time frame, the figure indicates 7.3% year-over-year growth.
The growth prospect is solidified with a VGM Score of A, backed by a Growth Score of A and a Value Score of B. The positive trend signifies bullish analyst sentiments, robust fundamentals and prospects of an outperformance in the near term.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6d/75441.jpg?v=795962214" />
Image Source: Zacks Investment Research
However, the company is facing headwinds in the form of increased costs and expenses and soft demand trends across two of four of its reportable segments. Shares of this manufacturer and marketer of specialty coatings, sealants and building materials have gained 16.7% in the past year compared with the Zacks Paints and Related Products industry&#39;s 31.4% growth.
<h2>Factors Supporting the Uptrend of RPM</h2>
MAP 2025 Plan: This operational improvement initiative was unveiled by RPM in August 2022 to maximize operational efficiencies and generate superior value for its customers, associates and shareholders through 2025. Despite the ongoing market uncertainties and challenging end-market scenario, RPM International realized notable benefits from the MAP 2025 initiatives.
During fiscal 2024, the company achieved 11.9% year-over-year growth in its adjusted EBIT of $941.6 million, with the metric reaching record levels for 10 consecutive quarters in the fiscal fourth quarter of 2024. The benefits were also reflected in the 14.9% growth of the annual adjusted earnings per share to $4.94. Moreover, as part of this strategic plan, the company recently consolidated 12 facilities, which demonstrates its continued momentum in generating efficiencies. For fiscal 2025, it is projecting $185 million of annualized MAP 2025 savings and expects to deliver solid year-over-year adjusted EBIT growth between the mid-single and the low-double-digit range.
Strong Infrastructure Demand Trends: RPM International has been witnessing increased infrastructure demand from its global markets for some time now. Across its Construction Products Group and Performance Coatings Group segments, net sales contributions seem to be increasing thanks to the sales volume growth in businesses providing engineered solutions targeting infrastructure, reshoring and high-performance building projects.
During fiscal 2024, geographically, the company&#39;s revenue growth was mainly backed by strong sales growth in Canada, Europe, Latin America, and Africa, the Middle East and Other Foreign.
Repair &amp; Maintenance Business Bodes Well: RPM positions itself strongly in an uncertain economic scenario by focusing on its repair and maintenance business. In many a case, soft sales trends directly impact the top line. In such scenarios, this business helps uplift the top line and maintains growth trends of the company.
During fiscal 2024, the company could pave its way through market uncertainties mostly because of the strategic balance maintained through its mix of repair and maintenance along with its entrepreneurial spirit. Moving into fiscal 2025, it believes that this strategic balance will continue to support its uptrend.
<h2>What is Restricting the Prospects of RPM?</h2>
Softness in Certain Sales Expectations: RPM International has been witnessing soft demand from specialty original equipment manufacturer end markets, particularly those with exposure to residential housing, and reduced consumer purchases in do-it-yourself segments at retail outlets. This downtrend is reflected in the soft contributions from its Consumer Group and Specialty Products Group segments.
Given the declining trend, the company expects SPG and Consumer Group segments&#39; net sales to decline year over year in the low-single digits in the first quarter of fiscal 2025.
Increased Cost &amp; Expenses: RPM&#39;s business has been witnessing higher costs and expenses related to restructuring, divestitures and labor inflation. The company incurred $30 million of restructuring expenses during fiscal 2024 compared with $15.6 million in the year-ago comparable period. For fiscal 2025, it expects wage inflation to continue with moderate raw material cost increases in the second half of the year.
As of the end of fiscal 2024, the company expects to complete most MAP 2025 activities (by the end of fiscal 2025), with an estimated $81.5 million in additional future expenditures related to MAP 2025 implementation due to increases in expected severance and benefit charges of $46.6 million and expected facility closure accompanied with other related costs of $27.8 million.
<h2>Key Picks</h2>
Here are some better-ranked stocks from the Construction sector.
Comfort Systems USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fix#NYSE">FIX</a>) currently sports a Zacks Rank #1 (Strong Buy).
FIX delivered a trailing four-quarter earnings surprise of 20.6%, on average. The stock has risen 86.8% in the past year. The Zacks Consensus Estimate for FIX&#39;s 2024 sales and earnings per share indicates growth of 29.4% and 50.9%, respectively, from the prior-year levels.
Howmet Aerospace Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hwm#NYSE">HWM</a>) presently flaunts a Zacks Rank of 1. HWM delivered a trailing four-quarter earnings surprise of 10.9%, on average. The stock has surged 98.7% in the past year.
The Zacks Consensus Estimate for HWM&#39;s 2024 sales and EPS indicates increases of 12.6% and 39.1%, respectively, from a year ago.
Century Communities, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccs#NYSE">CCS</a>) currently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter earnings surprise of 35.6%, on average. Shares of CCS gained 45.5% in the past year.
The consensus estimate for CCS&#39; 2024 sales and EPS implies increases of 17.9% and 31.5%, respectively, from the prior-year levels.
<a href="https://www.zacks.com/stock/news/2327191/here-s-why-investors-must-retain-rpm-international-rpm-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2327191">To read this article on Zacks.com click here.</a>

Mid Cap

Here's Why Investors Must Retain RPM International Stock Now

RPM Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) short percent of float has fallen 22.03% since its last report. The company recently reported that it has 2.08 million shares sold short, which is 1.84% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.57 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>RPM Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724687122_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for RPM Intl has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing RPM Intl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, RPM Intl's peer group average for short interest as a percentage of float is 3.42%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into RPM Intl's Recent Short Interest

Revealing a significant insider sell on August 19, Frank C Sullivan, Chairman and CEO at RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>), as per the latest SEC filing.
What Happened: Sullivan's decision to sell 164,509 shares of RPM Intl was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000110621/000095017024098697//Archives/edgar/data/110621/000095017024098697/0000950170-24-098697-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value of the sale is $19,227,197.
As of Tuesday morning, RPM Intl shares are down by 0.71%, currently priced at $115.44.
<h3>About RPM Intl</h3>
RPM International Inc manufactures and sells a variety of paints, coatings, and adhesives. The firm organizes itself into four segments based on product type. The construction products group sells coatings, roofing, insulation, and other products to distributors, contractors, and end consumers globally. The performance coatings group produces coatings that are used in construction and industrial applications like floorings and corrosion control. The consumer group sells paint, finishes, and similar products to individual consumers through hardware and craft stores. The specialty products group sells a line of products ranging from niche applications of the other groups to marine finishes, to edible food colorings. The majority of revenue comes from North America.
<h3>RPM Intl's Economic Impact: An Analysis</h3>
Negative Revenue Trend: Examining RPM Intl's financials over 3 months reveals challenges. As of 31 May, 2024, the company experienced a decline of approximately -0.4% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 41.36%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): RPM Intl's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 1.41.
</li>
</ul>
Debt Management: RPM Intl's debt-to-equity ratio surpasses industry norms, standing at 0.96. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 25.5 is lower than the industry average, implying a discounted valuation for RPM Intl's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 2.03, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 15.92 positions the company as being more valued compared to industry benchmarks.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>The Relevance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000110621">Check Out The Full List Of RPM Intl's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Unloading: Frank C Sullivan Sells $19.23M Worth Of RPM Intl Shares

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said he wants to own the stock of MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>).
On July 23, MSCI posted better-than-expected second-quarter financial results. MSCI reported fiscal 2024 second-quarter revenue growth of 14.0% year-on-year to $707.95 million, beating the analyst consensus e<a href="https://www.benzinga.com/news/earnings/24/07/39912184/msci-q2-earnings-impress-investors-ceo-emphasizes-on-robust-client-base-and-execution">stimate of $696.37 million</a>.
Cramer said he likes the business of New Fortress Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>), but something's going wrong there. &#8220;I can't figure out how to turn the stock around,&#8221; he added.
On Aug. 5, Barclays analyst Theresa Chen maintained New Fortress Energy with an Equal-Weight and lowered the price target from $27 to $19.
The Mad Money host recommended holding on to RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>). &#8220;That is one great company, it's an under the radar one, and I want you to own it,&#8221; he added.
On July 25, RPM International reported better-than-expected fourth-quarter earnings.
&#8220;I heavily suggest that you buy much more DuPont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>),&#8221; Cramer said.
On July 31, DuPont De Nemours reported better-than-expected second-quarter adjusted EPS and sales. Sales rose 2% Y/Y to $3.171 billion, beating the consensus of $3.049 billion. Organic sales remained flat Y/Y, with a 2% increase in volume offset by a 2% decrease in price.
Cramer recommended buying Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) and added that it is &#8220;terrific.&#8221;
Palo Alto will release the financial results for its fiscal fourth quarter and fiscal year 2024, after the closing bell on Monday, Aug. 19.
Price Action:
<ul>
<li>MSCI shares gained 1.7% to settle at $526.11 on Tuesday.</li>
<li>New Fortress Energy shares rose 1.6% to close at $16.40.</li>
<li>RPM shares gained 0.3% to close at $115.01.</li>
<li>DuPont shares gained 0.3% to settle at 78.05 on Tuesday.</li>
<li>Palo Alto shares rose 2.6% to close at $301.93 on Tuesday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40194186/top-4-materials-stocks-which-could-rescue-your-portfolio-this-month">Top 4 Materials Stocks Which Could Rescue Your Portfolio This Month</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Media

MSCI

PANW

Jim Cramer Calls This Tech Stock 'Terrific' And Says 'I Heavily Suggest That You Buy Much More' Of DuPont

UFP Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ufpi#NASDAQ">UFPI</a>) reported impressive results for the second quarter of 2024. Both earnings and net sales surpassed the Zacks Consensus Estimate. The top and bottom lines, however, declined on a year-over-year basis due to lower contributions from Retail and Packaging businesses.
The company remains focused on its long-term expansion plans and improvement strategies amid a weaker environment and near-term softness in demand. These efforts are investments in automation and consolidating operations to eliminate redundancies, as well as reduce costs and enhance the profitability of its facilities.
<h3>Earnings &amp; Revenue Discussion</h3>
UFP Industries reported earnings per share of $2.05, which topped the consensus mark of $2.00 by 2.5% but declined 13.1% from the year-ago quarter&#39;s level of $2.36.
<div class="chart_embed">
<h3>UFP Industries, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="UFP Industries, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/15/1722352274.png" style="height:265px; width:589px" title="" />
UFP Industries, Inc. price-consensus-eps-surprise-chart | UFP Industries, Inc. Quote
</div>
Net sales of $1.9 billion beat the consensus mark of $1.87 billion by 1.7% but declined 7% year over year. The downside was mainly due to a 6% fall in selling prices and a 1% decline in organic unit sales. New product sales of $134 million contributed 7% to total net sales versus 7.4% in the prior-year quarter.
<h3>Segment Discussion</h3>
UFP Retail Solutions: The segment reported net sales of $809.1 million for the quarter (below our projection of $848.7 million), which declined 14% year over year due to a 7% decline in selling prices and 5% lower organic unit sales. Also, a 2% reduction due to the transfer of certain sales to other segments added to the decline.
Adjusted EBITDA margin rose 130 basis points (bps) from the prior year to 8.7%.
UFP Packaging: The segment&#39;s net sales totaled $435.2 million, down 11% from the year-ago period&#39;s levels (above our expectation of $418.5 million). In the reported quarter, selling prices declined 8% and organic unit sales were down 6% year over year. This was partially balanced by a 3% increase resulting from the transfer of certain sales from the retail segment.
Adjusted EBITDA margin fell 420 bps from the prior year to 9.9%.
UFP Construction: Net sales in the segment were $574.5 million, which increased 4% from the year-ago period (above our expectation of $540.8 million). This segment registered a 4% decrease in selling prices, offset by a 7% increase in organic unit sales and a 1% increase due to the transfer of certain sales from the retail segment.
Adjusted EBITDA margin contracted 230 bps from the prior year to 10.2%.
<h3>Operating Highlights</h3>
Selling, general and administrative expenses &mdash; accounting for 10.7% of net sales &mdash; increased 70 bps year over year.
Adjusted EBITDA of $203.9 million declined 13% year over year. Adjusted EBITDA margin also contracted 80 bps from the prior year to 10.7%.
<h3>Balance Sheet &amp; Cash Flow</h3>
As of Jun 29, 2024, the company had nearly $2.3 billion in liquidity. Cash and cash equivalents were $1.04 billion at the second-quarter end compared with $1.1 billion at the end of 2023. Long-term debt and finance lease obligations were $233 million versus $274.8 million at 2023-end.
Net cash from operating activities was $239.1 million at the second-quarter end compared with $321.1 million in the year-ago period.
From Jul 26, 2023, through the second quarter of 2024-end, UFPI purchased approximately 1,477,000 shares at an average price of $110.96 under the previous share repurchase plan. On Jul 24, 2024, the board of directors authorized the company to repurchase up to $200 million of shares through Jul 31, 2025.
<h3>Outlook</h3>
UFP Industries expects lumber prices to remain lower in 2024, driven by existing supply and demand dynamics.
The company has revised its guidance for 2024. UFPI now anticipates Retail demand to decrease by mid-single digits and Packaging demand to fall by mid- to high-single digits. The same for Construction is expected to increase by low- to mid-single digits, reflecting continued strength in the Factory Built business.
Overall, the company expects soft demand and a competitive price environment to remain a headwind for the remainder of the year, resulting in more challenging year-over-year unit sales and profitability. UFPI believes market share gains will somewhat offset lower demand in each segment.
<h3>Zacks Rank &amp; Recent Construction Releases</h3>
Currently, UFP Industries carries a Zacks Rank #4 (Sell).
RPM International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rpm#NYSE">RPM</a>) reported fiscal fourth-quarter 2024 (ended May 31, 2024) results on an impressive note. This specialty chemicals manufacturer reported strong earnings in the fourth quarter of fiscal 2024 on the back of solid adjusted EBIT for the 10th consecutive quarter.
Although net sales slightly missed the Zacks Consensus Estimate and slipped from the previous year, it generated positive organic sales growth.
Masco Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mas#NYSE">MAS</a>) reported strong earnings for the second quarter of 2024 amid challenging market conditions. Strong operational efficiency helped it deliver solid results.
However, net sales missed the analysts&#39; expectations and declined on a year-over-year basis. Masco&#39;s focus on a balanced capital deployment strategy helped it return $206 million to shareholders via dividends and share repurchases. Masco narrowed its adjusted EPS guidance while the mid-point remains unaffected.
United Rentals, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uri#NYSE">URI</a>) reported mixed second-quarter 2024 results. The company&#39;s EPS surpassed the Zacks Consensus Estimate, but revenues missed the same. Nonetheless, both metrics registered improvement on a year-over-year basis.
The company showcased robust second-quarter results for 2024, achieving record highs in revenues, adjusted EBITDA, and EPS. The company&#39;s performance aligns with its expectations for the year, driven by the successful integration of Yak. This acquisition enhances URI&#39;s strategy to expand its specialty rental business, enhance its one-stop-shop offerings, and leverage opportunities for both secular growth and cross-selling. The company&#39;s unwavering commitment to safety, operational excellence, and innovation underpins its unique value proposition, positioning it for long-term shareholder value.
<a href="https://www.zacks.com/stock/news/2312270/ufp-industries-ufpi-q2-earnings-net-sales-beat-down-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2312270">To read this article on Zacks.com click here.</a>

UFPI

UFP Industries Q2 Earnings & Net Sales Beat, Down Y/Y

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